Marblehead Meadows Condominium

Key facts from Marblehead Meadows Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1, Page 1 ('create a Condominium)

Legal name

Marblehead Meadows Condominium

Units / lots

2 (current Phase 1); 20 (maximum built-out) (Section 2, Page 5-6 (Phase 1 has 2 units)

Developer / declarant

Green Street Realty Trust, Susan Muldoon, Trustee (Witnesseth, Page 1)

Governing law

Massachusetts General Laws Chapter 183A (Witnesseth, Page 1; Section 1.A, Page 1)

Assessments & dues

Two budgets: Common Expenses Budget and Reserve Account Budget; each unit pays according to percentage interest (Section 6, Page 8-9)

Reserves & fees

Separate Reserve Account Budget for capital improvements and replacements (Section 6.b, Page 9)

Pets

Dogs, cats, or other domestic pets allowed with trustee approval on number and size (Section 10, Page 15-16)

Leasing & rentals

Yes, with restrictions (Section 10, Page 12-14)

Parking & vehicles

Boats, campers, trailers prohibited (Section 10, Page 15)

Architectural approval

Yes, for structural changes and exterior modifications; Trustee approval required (Section 9, Page 12)

Signs & flags

Declarant may erect 'for sale' signs; otherwise no mention of owner signs (Section 10, Page 12)

Maintenance

Association (common areas include exterior and structural components) (Section 12.a, Page 17)

Insurance

Association obtains public liability and casualty insurance for townhouses and common land (Section 6.a, Page 8)

Use restrictions

Each unit restricted to single-family residential use (Section 10, Page 12)

Amendments

While declarant owns at least 50% interest, amendment by majority vote of unit owners and majority of first mortgage holders; thereafter by 67% vote of unit owners, subject to MGL 183A (Section 18, Page 26-27)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.